Global asset management giant Franklin Templeton launches U.S. Government Monetary Fund (FOBXX), which he previously launched at Avalanche Aptos (APT) announced that it will expand to blockchain.
Franklin Templetonm Expands to Aptos!
Franklin Templeton takes an important step in bridging traditional finance and decentralized finance Franklin OnChain US Government Money Fund (FOBXX) Integrated it into the Aptos blockchain.
The fund, which has $435 million in assets, invests primarily in U.S. government bonds. Each share of the fund is a deposit stored in digital wallets. BENJI It is represented as a token.
Roger Bayston, head of digital assets at Franklin Templeton “We chose Aptos Network for its unique features that meet our rigorous compliance standards for the Benji platform.” he said.
Bashar Lazaar, Aptos Foundation Grants and Ecosystem President, “Franklin Templeton’s willingness to innovate on behalf of a truly decentralized and accessible financial future is inspiring. “Integrating the Benji Investments platform with the Aptos Network is a big step in the right direction and we look forward to welcoming them to the Aptos ecosystem.”
The FOBXX fund, which was originally launched on Stellar and is the second largest tokenized fund on the market with a market cap of $435 million, is currently Arbitrum, Stellar, Polygon and Avalanche in Ethereum It is located on.
*This is not investment advice.
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